Termination of the License Agreement Sample Clauses
The 'Termination of the License Agreement' clause defines the conditions under which the agreement between the licensor and licensee can be ended before its natural expiration. This clause typically outlines specific events or breaches, such as non-payment or violation of terms, that would allow either party to terminate the agreement, and may also describe the required notice period and procedures for termination. Its core practical function is to provide a clear mechanism for ending the contractual relationship, thereby protecting both parties from ongoing obligations in the event of significant issues or non-compliance.
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Termination of the License Agreement. Owner reserves and shall have the absolute right in its sole and unfettered discretion, at any time and without the consent or approval of (but with notice to) Manager, to terminate the License Agreement, provided, however, that (i) Owner shall have no such right in order to establish its own independent operations, such as an operation without a franchise or license or in its own hotel name; (ii) in the event of such a termination by Owner, Manager shall have the right of approval (which right shall be reasonably exercised) of any new franchise or license for the Hotel; and (iii) if Owner's decision to terminate the License Agreement is made without the consent of Manager, then the provisions of Section 18.2 of this Agreement shall no longer apply.
Termination of the License Agreement. In the event the License Agreement is earlier terminated prior to the expiration of the License Term, for any reason other than by Cypress pursuant to Section 14.2(a)(i) or (ii) thereof, then this Agreement shall be terminated without any further act or notice and Cypress shall no longer have any right to use the Trademarks in the Licensed Territory. In the event that the License Agreement is terminated by ▇▇▇▇▇▇ ▇▇▇▇▇ pursuant to Section 14.2(a)(i) of the License Agreement and this Agreement is terminated pursuant to Section 1.12(b)(i), then any sublicenses granted under Section 1.3 shall survive the termination of the Term and become direct licenses from ▇▇▇▇▇▇ ▇▇▇▇▇ under this Agreement.
Termination of the License Agreement. This Agreement shall automatically terminate without requirement of notice by any party hereto, and without being necessary to obtain a court or governmental resolution, upon termination of the License Agreement in respect of the Trademarks between the Proprietor and the Licensor.
Termination of the License Agreement. In the event the License Agreement is terminated prior to the expiration of the Trademark Term, for any reason other than by Forest pursuant to Section 10.4 (Breach of ▇▇▇▇▇▇ ▇▇▇▇▇), 10.5 (Bankruptcy of ▇▇▇▇▇▇ ▇▇▇▇▇) or 11 (Force Majeure affecting ▇▇▇▇▇▇ ▇▇▇▇▇) thereof, then this Agreement shall be terminated without any further act or notice and Forest shall no longer have any right to use the Trademarks in the Territory. For the sake of clarity, this Agreement shall continue in full force and effect in accordance with its terms notwithstanding any termination by Forest under Section 10.4 (Breach of ▇▇▇▇▇▇ ▇▇▇▇▇), 10.5 (Bankruptcy of ▇▇▇▇▇▇ ▇▇▇▇▇) or 11 (Force Majeure affecting ▇▇▇▇▇▇ ▇▇▇▇▇) of the License Agreement.
Termination of the License Agreement. Either Party may terminate this Agreement upon delivery of written notice if the other Party rightfully terminates the License Agreement or is in breach of the License Agreement and fails to remedy such breach according to the terms of the License Agreement.
Termination of the License Agreement. (1) The license holder may terminate this agreement by giving sixty (60) days written notice to the city. To coincide with, or prior to any termination event by license holder, all stand(s), storage unit(s) and beach rental equipment or any other business-related items shall be removed from the granted location and/or city property.
(2) The right(s) of the license holder may be terminated for cause by the city upon sixty (60) days written notice by certified U.S. mail to the license holder upon the occurrence of one of the following events or conditions:
a. Failure of license holder to pay the amount(s) due by the due date(s) for the business tax receipt (BTR) License(s), the license agreement and/or any storage fees. The city agrees to a thirty-day grace period from the due date(s) accepted for this agreement.
b. Failure of the license holder to maintain their stand(s), storage unit(s) and their granted location in clean condition and in good and operable repair, including the ability of the stand(s) and storage unit(s) to be removed from the area as required within twenty-four (24) hours of a demand to do so by the city.
c. Failure of the license holder to update and maintain: the insurance coverage required in subsection (c)(3); and, all required and applicable state, county and city food and beverage health safety licenses, should this license holder be permitted to sell said items by its license agreement.
d. Failure of the license holder to comply with the terms, limitations or conditions specified in its agreement. Three (3) documented incidents of violations to any of the terms and conditions specified in this agreement, during its duration are grounds for termination of the license holder's agreement and rights thereunder.
e. Should the upland property owner at any time revoke or rescind their agreement with the license holder, for any reason or at any time during the duration of the license agreement then the license agreement with the city shall become null-and-void and terminated on the same date in which the upland property owner's termination of their agreement becomes effective. A license agreement cannot be licensed to operate by the city without written authorization from the upland property owner, where applicable. If the upland property owner terminates their agreement with the license holder due to the sale of the upland business, or for any other reason beyond the control of the license holder, and as approved by the city manager, the ...
Termination of the License Agreement. B&L and InSite hereby mutually agree that notwithstanding anything to the contrary contained in the ISV-403 Agreement, the ISV-403 Agreement is hereby canceled, discharged and terminated, without further obligation of either party, and shall be null and void without further force and effect.
Termination of the License Agreement. Notwithstanding Section 4 of the License Agreement, the License Agreement is hereby terminated effective as of December 18, 2018 (the "Termination Date"). From and after the Termination Date, the License Agreement will be of no further force or effect, and the rights and obligations of each of the parties thereunder shall terminate; provided, that Sections 5 and 10 shall survive according to their respective terms.
Termination of the License Agreement. 6.1 The Licensor may terminate this License Agreement with immediate effect if you commit a material breach of the License Agreement.
Termination of the License Agreement. This Agreement shall automatically terminate upon early termination of the License Agreement by ▇▇▇▇▇▇ ▇▇▇▇▇ pursuant to Sections 10.3 (▇▇▇▇▇▇ ▇▇▇▇▇ right of termination), 10.4 (Termination for breach of Forest), 10.5 (Termination for Bankruptcy of Forest), 11 (Force majeure), 16.3 (Change of control) of the License Agreement.